Ljubljana, 10 April (STA) - Slovenian energy group Petrol has finalised the takeover of a 85% stake in Serbian Beogas Invest, which owns two companies distributing gas to several districts in Belgrade, the company said in a press release on Tuesday.
The takeover makes Petrol third biggest distributor of natural gas in
Serbia, the company said, adding that the move was in line with Petrol's
plans within the company's strategy for the 2012-2016 period.
from the new acquisition, Petrol owns another Serbian gas company, Rodgas,
and it has received a concession for building a natural gas network in the
Beogas and Domingas, the two companies within
Beogas Invest, distribute natural gas through more than 220 km of pipelines
to 10,000 customers who use some 15 million cubic metres of natural gas per
$Petrol made an important step towards fulfilling its
strategic direction by taking over the 85% stake in Beogas Invest,$
Petrol chairman Tomaž Berločnik said, adding that his company was
strengthening its position in the region.
Petrol moreover has the
option to buy the remaining 15%, Rok Vodnik, a member of Petrol's
management board, said, adding that contracts had been made for $the
acquisition of up to 100% of Beogas$.